26 May 2015
Greenback demand across the majors - FXStreet
FXStreet (Guatemala) - Valeria Bednarik, chief analyst at FXStreet explained that the American dollar outperformed all of its major rivals this Tuesday.
Key Quotes:
"with the EUR/USD pair falling at its lowest level for the month near the 1.0880 level, and closing the day around it."
"There were no fundamental releases in Europe, although tension over a Greece default arose, as following the weekend statement from local authorities, EU Commission's Junker said that the Athens must find a way to pay the IMF by June 5th, establishing a deadline."
"Additionally, the macroeconomic calendar was pretty busy in the US, with Durable Goods Orders climbing for a second month in a row in April, albeit below expected."
"The Markit Services PMI for May resulted at 56.4, below expected and the previous reading, but New Home Sales rose in April above expected, and US Consumer Confidence ticked higher to 95.4."
"The market needed little excuses to keep on buying the greenback, as data was generally positive, but far from up beating, and the USD rallied anyway."
Key Quotes:
"with the EUR/USD pair falling at its lowest level for the month near the 1.0880 level, and closing the day around it."
"There were no fundamental releases in Europe, although tension over a Greece default arose, as following the weekend statement from local authorities, EU Commission's Junker said that the Athens must find a way to pay the IMF by June 5th, establishing a deadline."
"Additionally, the macroeconomic calendar was pretty busy in the US, with Durable Goods Orders climbing for a second month in a row in April, albeit below expected."
"The Markit Services PMI for May resulted at 56.4, below expected and the previous reading, but New Home Sales rose in April above expected, and US Consumer Confidence ticked higher to 95.4."
"The market needed little excuses to keep on buying the greenback, as data was generally positive, but far from up beating, and the USD rallied anyway."